Most folks, Gringos and Latinos alike, believe that "caramba," ordinarily used as in "Ay! Caramba!" is a euphemism for "Oh, Shit!" but actually "caramba" is what is called a "minced oath" for "carajo," which translates into English as "penis."

Don't believe me? Check out the Wikipedia page for "Minced Oath" and see for yourself. Not that Wikipedia ia always correct, of course, but you make up your own mind. And taking the euphemistic process to even another level, some hispanic people exclaim, "Ay! Chihuahua!" which might seem to be a further abstraction from "penis," but when you think of a chihuahua dog as being long and hairless with wrinkled skin, well...I leave that to you as well.

I say "Ay! Caramba!" because I feel like swearing, and this is more polite than saying, "Oh, dick!"

a Spanish expression that is the equivalent of "FUCK!" and/or "SHIT!".

<<note:It is actually a very handy word when you can't curse in English since everyone will think you're a foul-mouthed bunghole. Instead, use this word and people either MIGHT be impressed with your Spanish or look at you as if you've gone ga-ga & have no fucking idea what you've just said....OR be a subject of ridicule if you're saying this word around a bunch of Spanish-speaking people.>>